Forget Password?
  1. Indices
  2. Commodities
  3. Currencies
Straits Times 3,123.55 -11.16 -0.36%
Hang Seng 26,848.49 +184.21 +0.69%
Dow Jones 27,001.98 -22.82 -0.08%
Shanghai Composite 2,977.33 -1.38 -0.05%
Mewah International Returns To The Black With Net Profit Of US$3.3 Million For 1H15
Daily Bulletin | 12 August 2015
Related stocks:

Mewah International reported a 1H15 net profit of US$3.3 million as compared to a loss of US$7.2 million in the corresponding period last year.

Despite a 2 percent increase in sales volume to 1,897,000 metric tonnes from 1,860,100 metric tonnes, average selling prices were lower by 19 percent resulting in a 17.4 percent decline in revenue to US$1.4 billion.

Cost of sales decreased by 20.3 percent in line with the lower revenue, boosting gross profit by 38.9 percent, which consequently helped the firm turn the corner.

Mewah Int'l  -- -- --   
Business: Co produces and sells refined and fractionated vegetable oils and fats. [FY18 Turnover] Bulk division (68.9%), consumer pack division (31.1%).

Insight: May-19, 1Q19 revenue slid 13.4% despite higher sal... Read More

Join The Conversation
The Shares Investment editorial team welcomes constructive feedback on our coverage and content. We would also be delighted to answer any questions on the above article. Leave us a comment below, and we'll get back to you shortly!

All Rights Reserved. Pioneers & Leaders (Publishers) Pte Ltd. Best viewed with Mozilla Firefox 3.5 and above.